ven the most meticulous and experienced professionals find that payroll can be a headache. For many businesses, payroll services offer an attractive and valuable alternative to in-house processing. Chosen correctly, they provide a less expensive, simpler means of paying the employees, filing taxes, and performing a host of other duties.
For many companies, hiring some one to manage HR operations like paying employees and managing benefits is cost prohibitive. Payroll services cost substantially less than hiring a new employee and can take a lot of work off plate. New Delhi based KBG is one such innovative boutique payroll service company that offers provide fully integrated payroll outsourcing solutions using the full resources of their expertise developed through constant research and evolution.
Set up as an offshoot of a firm of chartered accountants in 1983, over the years with the growth in Indian economic and business scenario and widespread globalization, KBG has gained in-depth experience in providing a multitude of services to a number of multinational corporates as well as to several reputed Indian companies. At present, the company has a well-laid network of offices in New Delhi, Mumbai, Bangalore and Kolkata providing professional support in the field of Payroll Services, Labour Law Compliances, Accountancy, Direct and Indirect Taxes, IFRS Implementation,Consultancy for India entry, Advisory Services and Corporate Governance.
Integrated Payroll Solutions
As an ISO 27001:2005 -2013 certified company and having SSAE16/IASE SOC 1 Type 2 report from a Big 4 consulting firm that has developed its own technology based on the experience of over a decade in the field of payroll management based on the need of the industry, KBG provides totally automated and web based end to end solution. KBG The company takes charge of complete administration of HR, Payroll and Social Security compliances and provides the clients timely, accurate, comprehensive Compliance and reports.
Throwing light on KBG’s payroll solutions, Kalyan Bose, Founder, KBG, speaks, “Employees are an integral part of an organization. Largely growth is dependent on having satisfied Human Recourses. The core challenge lies in retaining and keeping them satisfied. Todays mantra is to concentrate on core competence and KBG becomes partners of the client in managing the other wise tedious activity of management of employee comensation. KBG works in a manner we are an extension of the clients office.
We at, KBG provide completely automated and web based end to end solution. With this, the employees can optimize the tax by electing the flexi package through our web platform.Personal details like pay slips, tax sheets and reimbursement slips, PF Statements can be viewed through the web inter-faces. The platform provides for online investment declaration and investment proof verification.
The system sends auto mails for the status of approvals or rejections of the investment proofs and reimbursement vouchers acceptances.”
KBG has gained in-depth experience in providing a multitude of services to a number of multinational corporates as well as to several reputed Indian companies
we at, KBG provide completely automated and web based end to end solution. With this, the employees can optimize the tax by electing the flexi package through our web platform.Personal details like pay slips, tax sheets and reimbursement slips, PF Statements can be viewed through the web inter-faces. The platform provides for online investment declaration and investment proof verification. The system sends auto mails for the status of approvals or rejections of the investment proofs and reimbursement vouchers acceptances.”
Additionally, the in-house software team at KBG takes care of software customization based on the need of the client and industry. The company provides employee query management tool through web based CRM. This saves the time of the internal resources of the company. Different reports regarding the status of queries can be generated which facilitates easy health checkup for the query management.
KBG also manages online Reimbursement Management System wherein the employees can elect the components of flexi pay through KBG’s web interface. The employee can put up the Actual Claim Vouchers through web interface. The Actual vouchers come for audit by KBG. Auto mails are sent for approval and rejections of the claims. The approval and rejection status are also available on the web interface. The company also KBG provides end to end solution for PF management both for RPFC managed PF Fund and the self-managed PF Trust.
The management of payroll comes with complete solution of management of multi locational labour law compliances.
A competent Team
Contributing to KBG’s growth factors and strategies is a competent team of qualified chartered accountants and other experienced HR and IT business professionals from leading institutions and industries in India. The team has grown in size from around 5 full-time professionals in 1983 to above 150 resource professionals today. One of KBG's greatest strengths lies in its ability to attract, retain and unite the best professional talent.
“With well-defined and clear-cut role definitions for each of our team member, we are a team well versed in his or her domain. Continuous sharpening of personal development and technical skills through innovative training programs keeps us abreast with the latest development in the business and economic environment and in particular our field of expertise, he avers.
Since its inception, KBG has successfully retained clients by building long term business relationships with them. “In the years to come, we will keep continuing to provide creative, innovative and effective business solutions for the present and enhance our ability to manage future change and growth,” concludes Kalyan.